Kate Spade & Co

Fossil Group reported 4Q15 net sales of $992.5 million, a fall of 6.8% compared to net sales of $1,064.8 million in fiscal 4Q14.

To support its direct marketing initiatives, Coach has a database of 24 million households in North America and 10 million in Asia.

Fossil Group (FOSL) has a market cap of $2.1 billion. FOSL rose by 28.6% to close at $44.30 per share on February 17, 2016.

Coach expects to realize $160 million in annual savings due to its restructuring initiatives from fiscal 2016 onward. It also expects to maintain its annual dividend of $1.35 per share.

Kate Spade (KATE) reported weaker-than-expected 2Q16 results on August 3, 2016, recording EPS of $0.11, as compared to the Wall Street estimate of $0.14.

Fossil Group (FOSL) has a market cap of $1.6 billion. It rose 8.4% to close at $35.70 per share on November 16, 2016.

Kate Spade (KATE) reported fiscal 3Q16 net sales of $316.5 million—a rise of 14.1% compared to net sales of $277.3 million in fiscal 3Q15.

Coach shares fell in June after the company said it will close 70 out of its 351 North American full-price stores by the end of the first half of 2015.

Coach’s (COH) performance in North America remained pressured in the quarter, with sales declining 7% in reported terms to $731 million.

Of the analysts that cover Coach (COH), 78% recommend a “buy” on the stock, 25% recommend holding it, and 3% suggest selling it.

Coach’s one-year forward earnings multiple surged to 20.7x versus a three-year average of 18.3x.

Coach pulled out of 250 department stores in the US during its last reported quarter, reducing the department store count by ~25% in 2017.

Michael Kors (KORS) has a strong cash flow position. The company ended fiscal 4Q17 with cash and cash equivalents of $228 million and net debt of -$95 million.

Michael Kors (KORS) reported fiscal 4Q17 EPS of $0.73, $0.03 higher than analyst estimates. KORS’ revenues fell 11.7% year-over-year to ~$1.1 billion, beating the consensus by $10.0 million.

Coach’s (COH) stock price rose 11.4% to $43.15 after it reported its results on May 2. The company is currently sitting on a YTD profit of 23%.

Coach (COH) reported a 5% YoY rise in its EPS for fiscal 3Q17, registering $0.46 per share.

For fiscal 3Q17, Coach reported earnings of $0.46 per share, beating the Wall Street analyst average estimates by $0.02.

Kate Spade’s (KATE) share price tanked 14.6% on Tuesday, April 4, as Reuters reported Monday evening that the handbag manufacturer had sought more time from Coach (COH) to consider its buyout offer.

VF Corporation’s D2C revenues rose 11% YoY, gaining strength from a mid-teen surge in the Outdoor & Action Sports and a low double-digit rise in Jeanswear.

KATE’s strict cost-control measures resulted in a 390-basis-point fall in its selling, general, and administrative rate, which fell to 39.1% of its sales in 4Q16 from 43.0% in 4Q15.

New York–based Kate Spade (KATE) reported its 4Q16 results on February 16, 2017. The company’s earnings per share stood at $0.41.

On January 25, 2017, Telsey downgraded Kate Spade’s rating to “market perform” from “outperform.” It reported fiscal 3Q16 net sales of $316.5 million.

On January 25, 2017, CLSA downgraded Coach’s rating to “outperform” from “buy.” Atlantic Equities downgraded Coach’s rating to “neutral” from “overweight.”

Nike (NKE) has a market cap of $86.7 billion. It fell 0.64% to close at $52.93 per share on January 19, 2017.

Kate Spade (KATE) rose more than 23.0% on December 28, 2016, after the report that the company is planning to sell its businesses with the help of investment banker.

On November 23, 2016, Wolfe Research downgraded Kate Spade & Company’s rating to “peer perform” from “outperform.”

Autoliv (ALV) has a market cap of $8.9 billion. It fell 1.1% and closed at $100.65 per share on November 23, 2016.

Fossil Group (FOSL) has a market cap of $1.7 billion. It rose 2.7% to close at $35.24 per share on November 21, 2016.

Fossil Group (FOSL) has a market cap of $1.3 billion. It rose 3.5% to close at $25.58 per share on November 4, 2016.

Kate Spade has seen YTD losses of 18%. The stock price plunged 10.2% after it warned about further margin contraction during its 3Q16 earnings call.

Kate Spade (KATE) reported a 15% rise in sales in 3Q16, with total sales reaching $316.5 million.

Kate Spade’s top line and bottom line beat Wall Street estimates, with revenue rising 15% YoY to $316 billion—nearly $5.5 million more than expectations.

Wall Street has a bullish outlook on Kate Spade. The company has received 76% “buy” and 23% “hold” recommendations from analysts.

As a result of its second quarter headwinds, Kate Spade (KATE) lowered its full fiscal 2016 outlook.

Kate Spade’s (KATE) 2Q16 performance was characterized by a disconcerting slowdown in sales comps and a contraction in margins.

Kate Spade (KATE) is set to report its quarterly earnings on Wednesday, November 2, 2016, before the markets open.

Fossil fell by 4.6% to close at $28.13 per share during the fifth week of August, with weekly, monthly, and YTD price movements of -4.6%, -4.8%, and -23.1%.

Kate Spade (KATE) delivered an above-average stock market performance and gained about 21% by the end of July 2016.

As a result of weaker-than-expected 2Q results, Kate Spade (KATE) lowered its full-year guidance.

Kate Spade (KATE), which reported its 2Q16 results on August 3, 2016, reported a 13.7% YoY (year-over-year) increase in its total sales.

KATE’s top line grew by 9.1% YoY (year-over-year) in fiscal 2015, as compared to a 7.7% YoY increase for Michael Kors and a 12.7% YoY decline for Coach.

After doubling its EPS (earnings per share) in fiscal 2015, Kate Spade (KATE) is predicted to report EPS growth of 56% in fiscal 2016.

Kate Spade has predicted that its top-line growth will be in the 11.0%–13.5% range in fiscal 2016, which is in line with the consensus average of 13.5%.

In 1Q16, Kate Spade reported industry-leading, direct-to-consumer comparative sales of 19%. The company also added 14 stores during the quarter.

Kate Spade recorded total sales of $1.3 billion in the past twelve months. Michael Kors and Coach saw sales of $4.7 billion and $4.3 billion, respectively.

Kate Spade’s primary target audience is middle- and upper-middle class consumers, particularly women, which accounted for 70% of Kate’s net sales in 2015.

KATE’s Jack Spade offers fashion products for men. The Kate Spade New York brand product line primarily sells handbags, apparel, and other accessories.

PVH Corp (PVH) is currently trading at one-year forward earnings multiple of 13.4x on a next-12-month earnings per share of $6.57.

Jeffrey Sherman was of the opinion that despite a rebound in equity markets, high yield investors may suffer due to volatility in the energy sector.

When a country depreciates its currency, its major trading partners depreciate their own currencies. They do this to save their economies from entering into deflation.

Coach’s transformational plan aims to return the handbag maker to “a place of best-in-class profitability and sustainable growth.”

Going forward, Coach will have to balance its need to rebuild its brand with the realities of a cut-throat and discount-seeking market.

Coach enjoys an advantage over fast-growing rival Michael Kors (KORS) in e-commerce.

Competition is fierce in all of the affordable luxury industry. And, there are many players, including KORS and KATE.

Coach, Inc. (COH) distributes products through wholesale and direct-to-customer channels. It runs wholesale shops-within-shops at major department stores.

Coach is a well-known premium fashion brand. In recent years, Coach has faced increasing competition from newer entrants in the affordable luxury market.